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you very much. >> coming up next, encouraging signs from washington we're not going over the fiscal cliff. >> positive reaction news got today on wall street. stay with us. >>> washington will be able to step back from the edge of fiscal skplif reach a deal to avoid tax increases and spending cuts. house speaker john boehner returned to the white house today, word is that the two inched towards a deal following a new proposal from the president. the plan increasing the top tax rates on tax payers earning more than $400,000 a year. >> tonight new signs of optimism on wall street. dow rose 100 points today, snapping a three day losing streak. a and p gained 16 because of signs on solving the deficit crisis. google stock went up $18 a share on reports an antitrust investigation could end this week with no major action required. google has been accused of giving lower rankings to competitors making it harder for customers to find them, apple said it sold more than two million iphone 5s in three days following it's release in china. that is a a record launch in china. >> well, still to c
. >> lawmakers return to washington. we teeter on the edge of the fiscal cliff. what going over sit going to koflt you. >>> we have late word from washington on whether heroes of the first gulf war, commander of the international coalition that drove iraqi forces out of kuwait under the first president bush has died. he was 78 years old. he died in tampa, florida where he retired after serving as commander in chief of the u.s. central kmanld. he was a decorated combat soldier in vietnam. and u.s. officials confirmed the death but did not say how he died. >> people across the mid west are digging out from a giant winter storm that forecasters are warning there are more storms on the way. most occurred on roadways from nebraska to ohio. the storm dumped record snowfall in parts of the mid west, causing record cold throughout the south. travelers advised to expect delays returning home from the holidays. nearly 3,000 flights have been cancelled and 600 cancelled just today n new york one flight skidded off the runway. im 20s far below normal making recovery efforts difficult for victims of t
and washington streets alake. rain waters so high a pond blocks parking spaces, pouring into a lane of traffic. caltrans had a busy day. they have 300 cameras trained across counties to monitor traffic. these dots indicate problems where traffic has been brought to a stand still and attention may be needed. >> we find out what problems are so we can dispatch right people and equipment. >> chp responded to this accident on westbound 580 believing the driver may have been going faster than road condition as loued. they say the car flipped on impact, and the driver taken to the hospital. heavy rain means some of the holiday events planned for the weekend will be forced to wait for clear skies. >> that is bad for attendance. good for animals that love water. >> the water foul love this water. event planners not so much. high winds have taken down trees, caused runnoff and pushed the zoo lights grand opening tentatively to monday. >> you know, when as soon as that sun breaks out i want them to come back out. and after being cooped it's a good time to go to the zoo. >> also, those planning the 13th
any progress is being made in washington. the prch to do something is coming from around the country. abc 7 news is live where a rally is happening right now. mark? >> this rally breaking up, there are under people here earlier and have been rallies like this one today this, is breaking up. and it's been a day of action, really a day of pressure. pressuring the president and democratic members of congress to hold firm against atemtss to cut government spending in social security and medicare. the message for move on progressives cut the tax cuts for the wealthyest americans, and do not cut social security and medicare benefits. >> we have to make sure we tax the rich. people making over $200,000, people over 200,000 a year should be able to pay more to get ous out of this economic mess wall street has done. >> 50 people gathered outside of the ssa office in oakland. among them, oakland congressman barbara lee. >> i'm going back to washington, d.c. tomorrow. to continue to fight the good fight. you have a resistance movement. >> lee says resist cuts. and medicare and social security h
are waiting to see if washington can resolve the impass on a tax, and budget plan. >> there is that uncertainty. they'll be more conservative and do store growth. we're going to have some indications of what direction we're going in. i would think, in the next few weeks. hopefully, next few days. >> uncertainty can have a ripple affect on other sectors of the economy. next month is when toy makers will start showing their new lines. apparel makers won't be far behind. bay area shoppers seem to have confidence lacking in other parts of the count tli. >> we're in silicon valley. people have money here regardless of what is going on with weather and everything else. >> and home prices are rebounding. >> shoppers may be impacted by slower sales growth. retailers may have to raise prices in order to eek out a profit or they might have to keep offering discounts just to bring in shoppers. in san jose, abc 7 news. >> sales numbers left a sour taste on wall street mouth today. dow jones fell 24 points. the good news is the president and members of congress have cut their h
washington on republican plan b to avoid the so called fiscal cliff that is coming. house speaker john boehner said he would bring to it a vote today. ñ ago, postponed it. it would raise tax rates only on people that make $1 million or more. the white house wants the cutoff point to be $400,000. democrat nancy pelosi said it would add half a billion dollars to the deficit. she called on republicans to stop introducing quote, bills to know where. -- nowhere. >> and who served in the senate 50 years died monday at age 88 of respiratory come politics his body now lies in state in the capitol row tunda. a tribute paid to only 30 other people. last being president ford, six years ago, but now, senator from hawaii honor that had way as well. >> despite apparent stalemate over the fiscal cliff,5zl stock prices went up today, dow jones gained almost 60 points, nasdaq and s and p both inched up as well. sales of previously owned homes have risen to highest levels in three years, up 5.9% last month, the industry now on track to8'm sell more than five million homes this year, ora cell of redwoo
:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we talked about inside game@ú4d versus the outside gam. the out side game is played for leverage. inside is where real negotiations are taking place. >> in okay gress the american people have be scratching their heads and wondering when is the president going to get serious? >> democratic leader took the floor. >> he said he's willing to make some changes but it's important that any changes not hurt the middle class. >> the post you'ring went on this morning with only a rare glimpse the house of rep stifz empty. except for the speakers. this is the outside game talk consummation. >> it's just about post you'ring to get public opinion o
what is needed is an armed police officer in every single school. and he accused washington of rank hypocrisy for protecting the president but failing to do the same for school children. >> we as a society leave them every day utterly defenseless. >> nravp unloaded on the news media and condemned producers of violent video games and the police chief points out there is no mention of gun autos to suggest that guns shouldn't be part of the conversation? i think that is ridiculous. >> the chief calls it crazy to allow the clips and weapons of war on our city streets. >> i have guns myself. but... to have a assault rifle sni don't any thi there is a place for that on the streets. >> wait a minute. wait a minute. man with a gun. very it locked up. wait until i go get it. it doesn't make sense. >> senator feinstein says it's a distraction. >> this is a distraction of large ammunition feeding device that's allows shooters to expell more bullets. >> in richmond, parents of school children says nra proposal is not for them. >> i don't think that proposed escalation is going get to the root o
ending a 20 year career in washington. stay with us. es Ñ >>> a s.w.a.t. team search is underway in southern california now. >> this is a live picture. a text alert notifies stud dwronts stay inside and lock doors as the s.w.a.t. team moves through looking;éaru forearmed suspects. >> police say at least five people robbed a jewelry store, then took police on a chase ended up on this campus. >> the search right now is centered on three buildings on the southwest part of the campus, a nearby high school son dloung tonight. one suspect has surrendered. the s.w.a.t. team looking for four more people tonight. >> and tonight we know identity of a young man who went on a shooting free yesterday in a portland,Ó&÷ oregon shopping mall, killing two people before turning the gun on himself. the sheriff there is saying koit have been much, much worse. abc 7 news mark matthews is in the newsroom tochl plain. >> detectives have now revealed the man behind the mask is a 22-year-old jacob tileler roberts. yesterday, detectives say he ran into a mall, apparently intent on murdering as many peo
to turn back to washington where president obama did speak today about the tragedy in his emotional press conference, talking as commander in chief and as father of two young daughters. here abc's chief white house correspondent jake tapper now. >> reporter: as flags were lowered to half-staff at the white house this afternoon. >> our hearts are broken today. >> reporter: president obama reacted not as a president, but as a parent. >> i know there's not a parent in america who doesn't feel the same overwhelming grief that i do. >> reporter: it was an emotional side of the president rarely seen in public. he repeatedly wiped away tears and paused to compose himself. >> the majority of those who died today were children, beautiful little kids between the ages of 5 and 10 years old. they had their entire lives ahead of them -- birthdays, graduations, weddings, kids of their own. >> reporter: it was almost two years ago the president was called to be consoler in chief after a different act of gun violence in tucson where congresswoman gabby giffords was shot and six others were killed. >> we
Search Results 0 to 9 of about 10